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Feb 7, 2013
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looking at the biggest tax hike we've seen since 1937 and gasoline prices at the highest level this time of year ever. we've got a lot of issues and everybody on this program keeps saying that spain is getting better. it is not getting better. every -- every metric you can look at in spain is getting worse, whether it's unemployment, whether it's retail sales, whether it's gdp, so this year we're going to see disruptions and a lot of volatility. i am bullish, but market is way too complacent, and we could see bigger air pockets than we're expecting. >> i couldn't agree more with that. i think the headline risk is going to come back into the market, and that is what's going -- that's the biggest danger to this rally which is definitely tone. >> so what do you think -- >> maria, the other thing, you could -- and the other thing missing is growth. can you talk about apple transitioning from a growth story to a value story, and that's all fine and good. most of the arguments for stocks right now are about valuations, book values, dividends, et cetera, et cetera, et cetera. the growth is the
looking at the biggest tax hike we've seen since 1937 and gasoline prices at the highest level this time of year ever. we've got a lot of issues and everybody on this program keeps saying that spain is getting better. it is not getting better. every -- every metric you can look at in spain is getting worse, whether it's unemployment, whether it's retail sales, whether it's gdp, so this year we're going to see disruptions and a lot of volatility. i am bullish, but market is way too complacent,...
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look, over the past two years, i have signed into law $1.4 trillion in spending cuts and closed tax loopholes to make sure that top earning americans begin to pay their fair share. >> the fact is though, we can't finish the job of deficit reduction through spending cuts alone. we can't. we just -- >> yes, we can! yes, we can. [ light laughter ] ♪ >> god bless you, and god bless the united states of america. [ laughter ] >> jimmy: there you go. see, that's what i'm talking about right there. [ cheers and applause ] you guys, this weekend is the chinese new year, which will celebrate -- [ cheers ] which will celebrate the year of the snake. crazy that it's snake already. i'm still writing "dragon" on all my checks. [ laughter and applause ] ♪ >> steve: yee-ha! >> jimmy: check this out. last night, runners from around the world competed in the annual race to the top of the empire state building. yeah, but there's already a scandal brewing. it turns out, one of the competitors tested positive for elevator. [ laughter and applause ] that's what i heard. here's some local news. after -- [ laugh
look, over the past two years, i have signed into law $1.4 trillion in spending cuts and closed tax loopholes to make sure that top earning americans begin to pay their fair share. >> the fact is though, we can't finish the job of deficit reduction through spending cuts alone. we can't. we just -- >> yes, we can! yes, we can. [ light laughter ] ♪ >> god bless you, and god bless the united states of america. [ laughter ] >> jimmy: there you go. see, that's what i'm...
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Feb 6, 2013
02/13
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because of tax and fiscal policy. i think our domestic recovery is going to be weaker than expected. the cbo reduced their real gdp forecast for the u.s. to 1.4% late yesterday. and i think we're going to see continuing weakness in europe. and it's unclear to me why we should pay a five-decade average multiple for a market whose earnings quality is weak. whose earnings and growth economically is dependent upon expansive monetary and fiscal b policy. to me, our economy and corporate profit picture is a like a company that reports fourth quarter herbiearnings that meet expectation but the effective tax rate goes from 35% to 20%. it's a very low quality number. and the fact is, we're going to see a fiscal drag going forward. certainly in the first half. the consumer is the achille's heel of the compaeconomy. and i think growth will miss expectations. but i get optimistic when i hear about a $200 price target for apple as your prior guest suggested. >> doug, i'm sort of in your camp. i think it's built on sand, as well. b
because of tax and fiscal policy. i think our domestic recovery is going to be weaker than expected. the cbo reduced their real gdp forecast for the u.s. to 1.4% late yesterday. and i think we're going to see continuing weakness in europe. and it's unclear to me why we should pay a five-decade average multiple for a market whose earnings quality is weak. whose earnings and growth economically is dependent upon expansive monetary and fiscal b policy. to me, our economy and corporate profit...
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Feb 6, 2013
02/13
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. >> using the crisis of this oil spill to try to promote his energy tax. and i've had numerous people all over the district question whether his poor response to this oil spill was purposeful so that he could promote his energy tax. i don't know. >> i don't know. maybe he is just letting that oil spill for political purposes, because he is a nazi and a marxist. who could know? the same congressman decided during the state of the union address in 2011 that he would not attend the speech in congress, but rather he would troll the speech on twitter. quote, you don't believe in the constitution, mr. president. you believe in socialism. that's what he was tweeting during the state of the union. he has declared nancy pelosi a domestic enemy against whom he is sworn to protect the nation. he has said that president obama is part of a socialistic elite planning to declare martial law. and he has said that the president may use the excuse of a flu pandemic to declare a martial law. he said, quote, we've seen that historically. guess how this gentleman feels about h
. >> using the crisis of this oil spill to try to promote his energy tax. and i've had numerous people all over the district question whether his poor response to this oil spill was purposeful so that he could promote his energy tax. i don't know. >> i don't know. maybe he is just letting that oil spill for political purposes, because he is a nazi and a marxist. who could know? the same congressman decided during the state of the union address in 2011 that he would not attend the...
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Feb 5, 2013
02/13
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i still believe we can finish the job with a balanced mix of spending cuts and more tax reform. the proposals that i put forward during the fiscal cliff negotiations, in discussions with speaker boehner and others, are still very much on the table. i just want to repeat, the deals that i put forward, the balanced approach of spending cuts and entitlement reform and tax reform i put forward or still on the table. i've offered sensible reforms to medicare and entitlements and my medicare proposals achieve the same amount of savings by the beginning of the next decade as the reforms proposed by the bipartisan bowles-simpson committee. these reforms would reduce our government's bill -- what's up, cameramen? come on, guys. they are breaking my flow all the time. these reforms would reduce the government's bills by reducing the cost of health care, not shifting all those costs onto middle class seniors or the working poor or children with disability but nevertheless achieving the kinds of savings we're looking for. but in order to achieve the full $4 trillion in deficit reductions is
i still believe we can finish the job with a balanced mix of spending cuts and more tax reform. the proposals that i put forward during the fiscal cliff negotiations, in discussions with speaker boehner and others, are still very much on the table. i just want to repeat, the deals that i put forward, the balanced approach of spending cuts and entitlement reform and tax reform i put forward or still on the table. i've offered sensible reforms to medicare and entitlements and my medicare...
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Feb 9, 2013
02/13
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that is welcome anytime of the most during tax month. they help me out a lot. >> from northwest, abc 7 news. an important milestone. firstave concluded there drilling on the mars planet. have drilledrs away at rocks. it is sometimes hard to see, , plentya lot of people of people are out and about enjoying this will. snow. >> steve rudin will be back with what is left of the storm what is the best part of snow? no school. >> all of it. the kids are enjoying it. they had a lot of fun today. as you can see, not everyone the snow was a bad thing. kids and adults are enjoying the aftermath of the storm. seen akids have not base snowstorm like that in their lifetime. inches is the official total in boston. is the fifth largest storm on record. we have a little bit of snow in our forecast. first, take a look at the new at this hour.dral remain clear. it will be a cold night ahead. it will not be as cold as it was last night with those gusty .inds winds are beginning to settle down. 39 right now. windchill factor at 31 degrees. 3 degrees below a
that is welcome anytime of the most during tax month. they help me out a lot. >> from northwest, abc 7 news. an important milestone. firstave concluded there drilling on the mars planet. have drilledrs away at rocks. it is sometimes hard to see, , plentya lot of people of people are out and about enjoying this will. snow. >> steve rudin will be back with what is left of the storm what is the best part of snow? no school. >> all of it. the kids are enjoying it. they had a lot...
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Feb 4, 2013
02/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome back to "fast." let's play, the good, the bad and the ugly. tonight, starring our own people najarian. first, the good. back in december, pete made the bull case in a juicy mcdonald's debate. here's what he said. >> i think this is one of the best management teams that exists out there today, quite frankly. they know how to use their cash on the balance sheet to change the stores, the menus, to be able to adjust on the fly better than anybody out there in the industry. >> nice call. shares of mcdonald's up 8% since then. pete? >> i like the name and i think it can get up to $100. you have to get off because unfortunately that's where it seems to stop each time. >> now onto
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome back to "fast." let's play, the good, the bad and the ugly. tonight, starring our own people najarian. first, the good. back in...
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Feb 9, 2013
02/13
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when rick unger says we have an emergency, i worry about my taxes going up. if we want better roads and less traffic it is easy. bid it on these road building to private motivated entities. you will see innovation and prices for the times that you drive those roads. it's through market forces, don't hand it to the government. >> dave: rich, we had an ice rink in central park. it's a beautiful place. the city government was working on it for years and cost overruns and finally donald trump stepped in and said, hey, look, give it to me i'll do it in six months at half the cost. he did it even faster than that. doesn't steve have a point that private sector should be linda in author these things? >> steve makes a great point. i understand rick's impulse here. if you go back to the 1930s, a lot of public works projects were accomplished and did pretty well. you have things like the golden gate bridge four years. now it takes seven years to build an access road to the golden gate bridge. we have extraordinary stopping power from environmental groups, public work u
when rick unger says we have an emergency, i worry about my taxes going up. if we want better roads and less traffic it is easy. bid it on these road building to private motivated entities. you will see innovation and prices for the times that you drive those roads. it's through market forces, don't hand it to the government. >> dave: rich, we had an ice rink in central park. it's a beautiful place. the city government was working on it for years and cost overruns and finally donald trump...
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Feb 8, 2013
02/13
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do not require candidates to pledge a certain kind of commitment on taxes. do not require candidates to pledge a certain kind of commitment on something that's inconsistent with good judgment. leave candidates with the ability to do what's right. urge them to do what's right. you will select people who have those kind of qualities and you'll end up winning. if not, you're going to end up losing just as the republicans did the last time around. >> you would think this is good news for democrats who are watching what's taking place on the gop side of the aisle, this notion that karl rove could fund and field slates of candidates that would have a different philosophy than mr. kibbe and the tea party folks. >> well, i don't think that karl rove is going to be able to be successful independent of other kinds of relationships. you literally cannot start a third party movement within a party and think you can be successful. he's already proven that he can blow a whole lot of dough on a whole lot of people and lose elections. that's not good. it would be just as ba
do not require candidates to pledge a certain kind of commitment on taxes. do not require candidates to pledge a certain kind of commitment on something that's inconsistent with good judgment. leave candidates with the ability to do what's right. urge them to do what's right. you will select people who have those kind of qualities and you'll end up winning. if not, you're going to end up losing just as the republicans did the last time around. >> you would think this is good news for...
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national level this week, two members of congress rolled out a pair of bills that would legalize and tax marijuana federally while still allowing individual states to ban the weed. so what do you think? is this a sign the rest of the country will soon follow colorado and washington's lead in legalizing pot? you can tell us on the "nightline" facebook page. tweet us @nightline. or @billweirabc. we do thank you for watching abc news. we hope you check in on "good morning america." they'll be working through blizzard tonight. we'll catch you up in the morning. we're always online at abcnews.com. we hope you have a wonderful weekend.
national level this week, two members of congress rolled out a pair of bills that would legalize and tax marijuana federally while still allowing individual states to ban the weed. so what do you think? is this a sign the rest of the country will soon follow colorado and washington's lead in legalizing pot? you can tell us on the "nightline" facebook page. tweet us @nightline. or @billweirabc. we do thank you for watching abc news. we hope you check in on "good morning...
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Feb 7, 2013
02/13
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unfortunately the president's version of tax reform is raising taxes and raising tax rates. we saw it in the beginning of the year. the senate followed suit. we're going to have to fight hard and convince the american people that it's our kind of tax reform that will produce a growing economy and yield more opportunity for more working families so their life can work again. >> eric cantor, republican from virginia. as always, sir, we appreciate you. >> thank you, larry. >> let's bring back our panel. keith, guy and david. keith, did you hear him say he was for the sequester? >> i think i heard that. >> i'm not sure. >> i think i heard it. i'm not sure what's going to happen. i heard earlier that -- he indicated there would be a sequester and no tax increase. >> that was my reading. boehner said the same thing today. did you hear him say, yes, there will be a sequester? >> no. i think he hinted at it. we have heard other republican leaders say that. i would have preferred to hear majority leader cantor say if the president cannot come together with us with other cuts we are a
unfortunately the president's version of tax reform is raising taxes and raising tax rates. we saw it in the beginning of the year. the senate followed suit. we're going to have to fight hard and convince the american people that it's our kind of tax reform that will produce a growing economy and yield more opportunity for more working families so their life can work again. >> eric cantor, republican from virginia. as always, sir, we appreciate you. >> thank you, larry. >>...
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Feb 5, 2013
02/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> president obama today traveled to minneapolis where he met with victims of gun violence and their families and with local law enforcement. the president then gave a speech in which he explained that he has done what he can do as president about gun violence. for more to happen, he said, congress must act. >> real and lasting change also requires congress to do its part and to do it soon. not to wait. the good news is that we're starting to see a consensus emerge about the action congress needs to take. the vast majority of americans, including a majority of gunowners, support requiring criminal background checks for anyone trying to buy a gun. so right now democrats and republicans
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> president obama today traveled to minneapolis where he met with victims of gun violence and their families and with local law enforcement. the president...
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Feb 6, 2013
02/13
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so we ended the year before the big tax, social security tax hike, with the labor markets at n pretty good shape. >> dick kohy, ladies and gentlemen. applause. >> economist are able to talk even without introductions. this is a very common behavior an commerce -- >> and behavior, too. >> panera's, what, middle line, not an expensive place, not the cheapest place out there. >> right. not a dollar menu but not a sit down either. >> i'm always flabbergasted by what to think of mcdonald's. >> it means -- it's on its own. i wouldn't say -- mcdonald's, walmart, they mean something. >> mcdonald's is always the funny call. if mcdonald's does well, does that mean that people are trading down? i believe they're trading down. >> or doing well -- >> except they went up with the higher margins with some of their mccafe and stuff. chipotle did well. you saw that. >> right. >> that was less a function of the economy and more a function of the fact that they expanded their stores dramatically. >> there should be as much mexican food in the united states as possible. i just love it. >> i love chipotle
so we ended the year before the big tax, social security tax hike, with the labor markets at n pretty good shape. >> dick kohy, ladies and gentlemen. applause. >> economist are able to talk even without introductions. this is a very common behavior an commerce -- >> and behavior, too. >> panera's, what, middle line, not an expensive place, not the cheapest place out there. >> right. not a dollar menu but not a sit down either. >> i'm always flabbergasted by...
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and productive tax possible. the most socially and environmentally productive so on chablis do it and him for the suggested name and i bet it's a great name and thanks for the point gregory mark what he's talking about is what we used to call the stat tax the securities transaction excise tax it was put into place in the united states in one thousand nine hundred sixty help pay for the spanish-american war it stood until one thousand nine hundred sixty four it was actually doubled in one nine hundred thirty five by f.d.r. to pay for the s. and c. and the reason that they dumped it in sixty four was because it was generated so much more money than the cost to run some bright person congress said let's get rid of this and it was you know a tenth of one percent on every stock transaction and it's kept the stock market kind of moving nice and easy but now we've got these guys who are making a fortune doing a million trades a microsecond and it's destabilizing our system i'm curious with your take on it's not a big fa
and productive tax possible. the most socially and environmentally productive so on chablis do it and him for the suggested name and i bet it's a great name and thanks for the point gregory mark what he's talking about is what we used to call the stat tax the securities transaction excise tax it was put into place in the united states in one thousand nine hundred sixty help pay for the spanish-american war it stood until one thousand nine hundred sixty four it was actually doubled in one nine...
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and productive tax possible. the most socially and environmentally productive so on chablis do it and he wants the suggested name and i bet it's a great name and thanks for the point gregory marc what he's talking about is what we used to call the stat tax the securities transaction excise tax it was put into place in the united states in one thousand nine hundred sixty pay for the spanish-american war it stood until nine hundred sixty four it was actually doubled in one nine hundred thirty five by f.d.r. to pay for the s. and c. and the reason that they dumped it in sixty four was because it was generating so much more money than the s.e.c. cost to run some bright person congress said let's get rid of this and it was you know a tenth of one percent on every stock transaction and it's kept the stock market kind of moving nice an easy but now we've got these guys who are making a fortune doing a million trades a microsecond and it's destabilized our system i'm curious your take on it's not big. and of it first of
and productive tax possible. the most socially and environmentally productive so on chablis do it and he wants the suggested name and i bet it's a great name and thanks for the point gregory marc what he's talking about is what we used to call the stat tax the securities transaction excise tax it was put into place in the united states in one thousand nine hundred sixty pay for the spanish-american war it stood until nine hundred sixty four it was actually doubled in one nine hundred thirty...
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Feb 4, 2013
02/13
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every day the president threatens to raise a tax or another. as long as the threat of new taxes, huge regulations from the epa hang over the private sector, we're not going to get the growth we need. >> you know one of the biggest drags on fourth quarter gdp that report showed was the reining in of defense spending as we got out of afghanistan and retracted some troops. that is what was a huge contributor to that decline in growth in the fourth quarter. now are we doing this all over again with the sequestration here? >> sequestration is already effecting government expenditures as agencies try to guess what position they'll be in. of course they're being conservative. the deficit problem is the problem for later in this decade. the jobs problem is the problem today. and this talk of a contracti contractionary fiscal position. it is hurting the economy. >> he wantive harris? >> in the end, we've got to get our deficit under control while we grow the private sector economy. we can't do it through new taxation. you can't tax your way out of this
every day the president threatens to raise a tax or another. as long as the threat of new taxes, huge regulations from the epa hang over the private sector, we're not going to get the growth we need. >> you know one of the biggest drags on fourth quarter gdp that report showed was the reining in of defense spending as we got out of afghanistan and retracted some troops. that is what was a huge contributor to that decline in growth in the fourth quarter. now are we doing this all over...
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Feb 4, 2013
02/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> it hasn't sunk in yet. crazy. unbelievable. tough to put into words because it just really hasn't sunk in yet. i don't even think it's sunk in that we're here, let alone won the thing, so pretty cool. >> the way that game played out when it was 28-6 and the lights went out and whatever happened, i just knew with jim harbaugh being on the other sideline and all those years that we've been together, that that game was going to be a dogfight right to the end. that those guys were coming back. >> i just try to let my teammates at this moment know what we feel like. and last night when i had the conversation with them, you know, that just came directly from my heart to tell them what th
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> it hasn't sunk in yet. crazy. unbelievable. tough to put into words because it just really hasn't sunk in yet. i don't even think it's sunk in that we're...
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to pay tax increases are come more debt issue to pay for these compts that. is not why these kids can't get jobs today. the economy is terrible. it shrank. it is it growing the normal four or five percent and many of the graduates would have jobbings. >> and rich, the fact is, we are subsidizing. we are subsidizing the college degrees that often don't amount to good jobs. >> yeah, it is it unfortunate. we reached the point where technology changed the whole game in a way we are beginning to realize. on line universities and couple of them started by two stanford professors and world class education for free or near free . what are employers looking for? intelligence and drive and discipline . it used to be a college degree stood for those things and now they have faster and better ways to determine whether they want to hire someone. >> john, billions of dollars in government stub sidies for llege education are worthless? >> they are worthless and i a not going to defend them but what botherings me is it a notionful a job that requires a college degree. i don'
to pay tax increases are come more debt issue to pay for these compts that. is not why these kids can't get jobs today. the economy is terrible. it shrank. it is it growing the normal four or five percent and many of the graduates would have jobbings. >> and rich, the fact is, we are subsidizing. we are subsidizing the college degrees that often don't amount to good jobs. >> yeah, it is it unfortunate. we reached the point where technology changed the whole game in a way we are...
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Feb 1, 2013
02/13
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the republicans don't want their taxes raised. and the democrats just don't want their entitlements cut. that's the way we're going to keep moving. >> got to have a little fun before we go here down here in beautiful florida. >> sure. yeah. >> you traffic with a lot of hedge fund guys. i know you know dan lowe quite well, carl icahn. i have to ask you because you talked in this group about madoff and pyramid schemes and you talked about how they work. i have to ask you. i know you're not a stock guy, not going to give me something specific on herbalife but i know you know these guys. who's right? >> so i'll caveat my answer with the fact that i've not studied herbalife. i don't know whether -- knowing all of the different players, i've known some better than others for a long time. dan lobe is one the most talented investors in the world. he's a good friend. and i would never bet against dan lobe. so i think ackman's got a tough road from here. >> thanks for having a little fun with that. carl, you heard it there. do not bet again
the republicans don't want their taxes raised. and the democrats just don't want their entitlements cut. that's the way we're going to keep moving. >> got to have a little fun before we go here down here in beautiful florida. >> sure. yeah. >> you traffic with a lot of hedge fund guys. i know you know dan lowe quite well, carl icahn. i have to ask you because you talked in this group about madoff and pyramid schemes and you talked about how they work. i have to ask you. i know...
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Feb 8, 2013
02/13
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income tax. get rid of it. it's around 23% of every sale, and what it would do is you get rid of the irs, get rid of income taxes and you go to straight use tax. you want to buy this? you pay the tax on it. >> makes a lot more sense. >> same thing. similar, very similar. >> similar concept. >> can i make one point about obama care? when he said you should start as soon as their born, give them a card and have them saving. does he recognize there are millions and millions of people in the country who couldn't begin to save anything. they live day by day. >> states have put forward tax credit programs. if you want to save for their college education, you can send up fo their fund. >> these millions of people have cell phones and flat screens tvs in their house so she can save. if you can buy a phone, you can get health care. by the way, the doctor was making -- all the doctor was doing was making a point that all doctors are making that no one understands. they're small businessmen. >> he he was em
income tax. get rid of it. it's around 23% of every sale, and what it would do is you get rid of the irs, get rid of income taxes and you go to straight use tax. you want to buy this? you pay the tax on it. >> makes a lot more sense. >> same thing. similar, very similar. >> similar concept. >> can i make one point about obama care? when he said you should start as soon as their born, give them a card and have them saving. does he recognize there are millions and millions...
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Feb 4, 2013
02/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. all stations come over to mithis is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do.
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. all stations come over to mithis is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by...
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Feb 4, 2013
02/13
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household income rose only 2.1% last year, and now that's taken away by the 2% raise in the payroll tax. so people are borrowing because of stagnant wages and resorting to credit for necessities." during the next six months, bankers expect more requests for lines of credit and balances to increase. does it mean more americans will put themselves at greater financial risk? not necessarily. "increasing your credit line sometimes can help your credit score by increasing your available credit. but opening new lines of credit can be negative, depending on everything else going on there." another credit-related development - retailers may now add a surcharge if you make your purchase with a credit card, though some may do so at their own risk. "there are a lot of consumers who will walk in, see the surcharge sign and walk down the street to a competitor that doesn't charge a surcharge." it's far from universal - ten states prohibit retailers from charging a credit-card surcharge. and one alternative - you may avoid the surcharge by using your debit card. home mortgages with no money down are
household income rose only 2.1% last year, and now that's taken away by the 2% raise in the payroll tax. so people are borrowing because of stagnant wages and resorting to credit for necessities." during the next six months, bankers expect more requests for lines of credit and balances to increase. does it mean more americans will put themselves at greater financial risk? not necessarily. "increasing your credit line sometimes can help your credit score by increasing your available...
SFGTV2: San Francisco Government Television
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Feb 5, 2013
02/13
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. $1.6 million in tax. we have been the envy of the world as to our justice system. as the world becomes smaller and as multinational corporations decide where they will invest their money, they have historically invested it in the united states because we have had a court system that has been the envy of the world, but they won't continue to do that if they cannot get justice in america. there is an economic reason as well as a moral reason to make sure that our courts are open. we have a crisis in our federal system. 92 vacancies exist today in the federal court system. 15% of our federal court is vacant. we have 26 districts under federal emergencies, judicial emergencies. we have 18 judges come out with no opposition on either side, and it wasn't a political issue. could not get one of them through congress. you know, when i talk to the graduating students, i just went through that season and had a chance to talk to many, many graduating law students, and i talked about those four words come and i said, you have read millions of board to get to today. you only ha
. $1.6 million in tax. we have been the envy of the world as to our justice system. as the world becomes smaller and as multinational corporations decide where they will invest their money, they have historically invested it in the united states because we have had a court system that has been the envy of the world, but they won't continue to do that if they cannot get justice in america. there is an economic reason as well as a moral reason to make sure that our courts are open. we have a...
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Feb 1, 2013
02/13
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you've got tax reform on the table. and you've got deficit reduction and the need for bipartisan compromise on the table. what does it mean to that process that max and mitch are both up for reelection in 2014? >> it may be inside baseball but o boy oh, boy it makes it a lot tougher. really tough. max came in when i did. 78. and here he is, chairman of that finance committee and he is up for reelection. he was on our commission. felt limited i think in some ways. he was on the super commission. they did nothing. that failed. now he's got to come out and take on everybody in that huge pile of tax expenditures. realtors, life insurance -- he is headed for -- it will take a lot more than two years and especially in a reelection year. now mcconnell in reelection year. >> potential primary for mitch mcconnell? >> i think scenarios are set for anybody that violate the mantra or whatever the great issue is. the great base, whatever the base is. but if you get out there and mess around with that, they will pick you up in the pr
you've got tax reform on the table. and you've got deficit reduction and the need for bipartisan compromise on the table. what does it mean to that process that max and mitch are both up for reelection in 2014? >> it may be inside baseball but o boy oh, boy it makes it a lot tougher. really tough. max came in when i did. 78. and here he is, chairman of that finance committee and he is up for reelection. he was on our commission. felt limited i think in some ways. he was on the super...
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state and local taxes, charity. okay. the president doesn't want to name those. republicans don't want to name those. but that's what we're talking about, a tax increase on a whole lot of people. >> well, if you really wound up closing those deductions, we would have a massive impact on a lot of lives and i don't think it's going to happen. i think that what you're going to wind up seeing is there are a lot of tax deductions that don't bring in quite as much money but which really distort economic behavior. good one people point to is the carried interest which allows hedge fund people to not pay the same taxes everybody else does. that's not going to bring as much money in but there may just be to be ultimately higher rates if we're serious about dealing with long term fiscal health. >> we do need to deal with long term fiscal health and we do need real tax reform but we ought to be guided by president obama's own simpson/bowles commission which said that we need to combine this kind of tax reform, closing loophole
state and local taxes, charity. okay. the president doesn't want to name those. republicans don't want to name those. but that's what we're talking about, a tax increase on a whole lot of people. >> well, if you really wound up closing those deductions, we would have a massive impact on a lot of lives and i don't think it's going to happen. i think that what you're going to wind up seeing is there are a lot of tax deductions that don't bring in quite as much money but which really distort...
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Feb 4, 2013
02/13
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tax? what is it right now and what would it be after this plan? >> the state sales tax right now is 5.5%. that would not change. because, again, what we're asking is let's give up those exemptions we've granted over the years. they were done five decades ago. >> hmm. what do the statistics, or the studies that you've run show would end up happening in terms of the revenue that's brought in? >> well, there's no doubt in my mind we would grow more rapidly. that's shown in every study i've seen in states that are doing the best economically. don't have an income tax or again they have a very low rate. we have the 35th highest personal income tax rate right now. i'd like to change that. i think small businesses understand that in particular. >> we have spoken with business leaders who have told us exactly that on this set. barry stern was here last week as one of our guest hosts and he says the best states to do business with are florida and texas, two of the states that don't have income tax.
tax? what is it right now and what would it be after this plan? >> the state sales tax right now is 5.5%. that would not change. because, again, what we're asking is let's give up those exemptions we've granted over the years. they were done five decades ago. >> hmm. what do the statistics, or the studies that you've run show would end up happening in terms of the revenue that's brought in? >> well, there's no doubt in my mind we would grow more rapidly. that's shown in every...
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Feb 5, 2013
02/13
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FOXNEWSW
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that's old. >> also tax hikes. we'll have the highest spending and highest government spending and highest tax rates. i'm not sure who is can connecte dots to create jobs. >> can i say something? the new normal is the old miserable. the carter era with bandwidth. does he care about the fracturing. the harder american life gets the more he can change it. when we take the bus instead of drive that's progress. he sees shrinkage as success measured by our failure. if you're not going to push, get out. >> if you listen to you people, there's so much gloom and doom. >> it's gloomy. >> it's getting much better, the price of houses is back up. the number of people in default is down. >> gas prices of up. healthcare premiums are up. unemployment rate for 2013 will remain 8%. >> paychecks are going down. take-home pay. >> nobody talks about the positive aspects. there are a number. >> find some. >> here's something positive, because gas prices are high, people can't go anywhere so they'll spend time with families. >> more pe
that's old. >> also tax hikes. we'll have the highest spending and highest government spending and highest tax rates. i'm not sure who is can connecte dots to create jobs. >> can i say something? the new normal is the old miserable. the carter era with bandwidth. does he care about the fracturing. the harder american life gets the more he can change it. when we take the bus instead of drive that's progress. he sees shrinkage as success measured by our failure. if you're not going to...
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Feb 9, 2013
02/13
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and there's going to be increased costs and we've seen from the taxes and more taxes in a few years. and it gets to the point, you know, the employer is-- the quote that's wrong from the president there in that reelection thing is, it's not your health insurance, you don't have health insurance, your company takes the health insurance plans for the employees and not yours to keep or take. if they want it kick you off because there are cheaper government plans, it exists because of the tax loophole and companies can buy you insurance and not have to pay tax on it as a salary. so, i don't think it's bad. in fact, it's one of the good effects of the affordable health care act and many others aren't as good so i think it will ultimately put more insurance in people's hands and they will be competitive. the notion you don't have to pay your own insurance bill is largely one of the health care cost ises rising and you don't see the bill and your company pays for the cost of it. >> gary b, the price tag is going up and we can't keep our employer-based health plans for many of us, what other
and there's going to be increased costs and we've seen from the taxes and more taxes in a few years. and it gets to the point, you know, the employer is-- the quote that's wrong from the president there in that reelection thing is, it's not your health insurance, you don't have health insurance, your company takes the health insurance plans for the employees and not yours to keep or take. if they want it kick you off because there are cheaper government plans, it exists because of the tax...
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Feb 4, 2013
02/13
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a consumption tax philosophically is better than an income tax. i don't think you should be punishing more people, when they're investing their money. what worries me about washington, d.c. is they're worried about growing government jobs, not private sector jobs. getting rid of the income tax allows us to grow private sector jobs. >>brian: the main thing you want to get the president's attention on is medicaid. you want to sit down with him and republican governors. what kind of response have you gotten from president obama because they're asking you to go with, in your words, a 1960's model. you studied medicare for two years before you got this job. >> governors know what it takes to make medicaid work. it is outdated, based on 1960's medicine. it makes no sense to add people to a program that is already inefficient, breaking state budgets. instead of a one size fits all benefit package, let the states decide how they want to do eligibility and benefits. these are the ideas that collectively could state the states and federal government billion
a consumption tax philosophically is better than an income tax. i don't think you should be punishing more people, when they're investing their money. what worries me about washington, d.c. is they're worried about growing government jobs, not private sector jobs. getting rid of the income tax allows us to grow private sector jobs. >>brian: the main thing you want to get the president's attention on is medicaid. you want to sit down with him and republican governors. what kind of response...
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Feb 4, 2013
02/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> buying acme packet to 2929 per share and 22 percent premium from acme's close. it will bolster the communication to its customers. acme is trading up another $5. oracle is lower by just about 2 percent on the trading day. other networking names on the upnews, broad soft and prcera. all gaining steadily. josh lipton has market flash for us. hi, josh. >> hey, sue. slipping into the red, here is your news. dow jones reporting that the justice department and state prosecutors plan to file charges against saip likely focussing on s&p's mortgage bond rating model. this is the first class related enforcement action bit u.s. against a credit rating firm. mcgraw hill down about 2.3% right no
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> buying acme packet to 2929 per share and 22 percent premium from acme's close. it will bolster the communication to its customers. acme is trading up another...
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Feb 8, 2013
02/13
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CNBC
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the president said he's recognized the corporate taxes in america are too high. he said 28%. but recognizing the problem is the first step toward a solution. he also in december talked about the ability and the need to kind of deal with this taxation of these foreign earnings. we have more than $2 trillion trapped offshore. would love to have all that money right back home. we're the only nation in the world who says, you bring it home, we're going to add to your tax bill. the solution is what you've described, a flatter tax, a broader base, if you will, with a much lower rate and a competitive modernized structure. we haven't touched our code on the business side -- >> governor. i'm out of time. i'm coming up on a hard wrap. next time i have you back, i want to concentrate on two or three very easy recommendations you can have to get us down that tax reform path. thanks for being our guest today. have a great weekend. >> ready to come back. >> always love having the governor. thanks, guys. >>> let's bring in bob pisani who says despite -- volume's not the issue today, right?
the president said he's recognized the corporate taxes in america are too high. he said 28%. but recognizing the problem is the first step toward a solution. he also in december talked about the ability and the need to kind of deal with this taxation of these foreign earnings. we have more than $2 trillion trapped offshore. would love to have all that money right back home. we're the only nation in the world who says, you bring it home, we're going to add to your tax bill. the solution is what...
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Feb 7, 2013
02/13
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FOXNEWS
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instead here we are again and the president says no, we've got to raise taxes. and the same strategy vilify the rich and i suppose don't raise the taxes on the rich and people are happy to do that and that the republicans want to cut programs that try, why would anyone who is in these programs or thinks he might have this program why would that ever be appealing to go the republican way. >> and first of all, we understand that the president is not led on this issue and there's no response whatsoever, and just raising taxes and to say that you can tax the rich and get rid of the problem it's fictional. and i believe we're for fiscal discipline, managing down the debt and deficit for a reason because we don't want a debt crisis to implode this country and our economy because if you see interest rates jack up because all of a sudden our debt is unsustainable. that means families will have to pay more every month in their mortgage and eventually see taxes go up even further because we have to pay off more debt. >> greta: how do you get that message out to the americ
instead here we are again and the president says no, we've got to raise taxes. and the same strategy vilify the rich and i suppose don't raise the taxes on the rich and people are happy to do that and that the republicans want to cut programs that try, why would anyone who is in these programs or thinks he might have this program why would that ever be appealing to go the republican way. >> and first of all, we understand that the president is not led on this issue and there's no response...
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Feb 5, 2013
02/13
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if you oh mention those words it will be tax, tax, tax. i will control the public dialogue and that's all we'll e talk about. guys, fold your cards now. that's what this is about. i don't think there will be more tax hikes this year. there's also not going to be spending reform. all the talk about tax hikes is obama's way of making sure that america doesn't deal with its true problem which is its spending problem. >> i will cross that bridge when i get to it. dave goldman, this didn't have a general market impact, but the federal government, the justice department, a couple of left wing attorneys general, they will all sue s&p. they're probably going to sue moody's. mcgraw hill fell. they will sue s&p for being credit dummies on mortgage-backed securities and collateralized debt obligations. i don't know. is this meritorious? it seems there is no law about being stupid. they were stupid. but if you can't show intent there is no law about stupid. why do this? >> you have e-mails from s&p officials saying we sold our souls to the issuers of
if you oh mention those words it will be tax, tax, tax. i will control the public dialogue and that's all we'll e talk about. guys, fold your cards now. that's what this is about. i don't think there will be more tax hikes this year. there's also not going to be spending reform. all the talk about tax hikes is obama's way of making sure that america doesn't deal with its true problem which is its spending problem. >> i will cross that bridge when i get to it. dave goldman, this didn't...
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Feb 6, 2013
02/13
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WMAR
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the professional tax software. mcdonald's dollar menu, home of the meaty, melty mcdouble you love. ♪ and other amazing tastes, for just a dollar each. ♪ every day -- as always there's a lot to love for a little on mcdonald's dollar menu. ♪ get ready for the fish you love in a whole new size. ♪ ba da ba ba ba whooo! ♪ [ all kids ] faster! ok, what's fast? um, my mom's car and a cheetah. okay. a spaceship. a spaceship. and what's slow? my grandma's slow. would you like it better if she was fast? i bet she would like it if she was fast. hm, maybe give her some turbo boosters. tape a cheetah to her back. tape a cheetah to her back? seems like you have thought about this before. [ male announcer ] it's not complicated. faster is better. and the iphone 5 downloads fastest on at&t 4g. ♪ a little more. there's a real, like, camaraderie in the parking lot... shut up! that's it! let's go in the car. my time to shine is the smoked pulled pork. i think it's done broseph! pretty much got it down to a science... pret
the professional tax software. mcdonald's dollar menu, home of the meaty, melty mcdouble you love. ♪ and other amazing tastes, for just a dollar each. ♪ every day -- as always there's a lot to love for a little on mcdonald's dollar menu. ♪ get ready for the fish you love in a whole new size. ♪ ba da ba ba ba whooo! ♪ [ all kids ] faster! ok, what's fast? um, my mom's car and a cheetah. okay. a spaceship. a spaceship. and what's slow? my grandma's slow. would you like it better if she...
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this is not an increase in taxes. people and employers have had a 2% break-in social security taxes for the last two years. this at a time when social security fund could not afford it. a financial gift to the already employed at the expense of social security. technically right, but in your bed you hated it. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. and you know what, two years in the making almost. the man behind the disasters solyndra alone is stepping down. energy secretary steven chu offering his resignation today. he was highly criticized for its handling of the $528 million loan to the solar panel maker, which later went bankrupt. despite the blunder he is leaving with obama's support and his pride intact. he said, came with streams and leaving with a set of accomplishments that we should all be proud of. not all of his dreams came true. back in 2008 he famously said we as a nation needed to boost gas prices to levels -- levels seen in europe. although he eventually walked back those co
this is not an increase in taxes. people and employers have had a 2% break-in social security taxes for the last two years. this at a time when social security fund could not afford it. a financial gift to the already employed at the expense of social security. technically right, but in your bed you hated it. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. and you know what, two years in the making almost. the man behind the disasters solyndra alone is stepping down. energy...